Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) reached a new 52-week high during trading on Monday . The stock traded as high as $259.74 and last traded at $259.36, with a volume of 172,450 shares. The stock had previously closed at $258.60.

Several equities research analysts recently commented on ULTA shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $250.00 price objective (up previously from $235.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Saturday, June 25th. Robert W. Baird reissued a “buy” rating on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Sunday, May 29th. Jefferies Group raised their price objective on Ulta Salon, Cosmetics & Fragrance from $180.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, May 27th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $225.00 price objective (up previously from $195.00) on shares of Ulta Salon, Cosmetics & Fragrance in a research note on Tuesday, April 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ulta Salon, Cosmetics & Fragrance has a consensus rating of “Buy” and an average target price of $228.26.

The stock has a market capitalization of $16.19 billion and a price-to-earnings ratio of 48.11. The stock has a 50 day moving average price of $244.65 and a 200-day moving average price of $202.61.

Ulta Salon, Cosmetics & Fragrance (NASDAQ:ULTA) last posted its earnings results on Thursday, May 26th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.16. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. On average, analysts predict that Ulta Salon, Cosmetics & Fragrance Inc. will post $6.13 EPS for the current fiscal year.

Several hedge funds recently bought and sold shares of ULTA. Utah Retirement Systems increased its stake in Ulta Salon, Cosmetics & Fragrance by 0.9% in the fourth quarter. Utah Retirement Systems now owns 11,592 shares of the company’s stock valued at $2,144,000 after buying an additional 100 shares during the last quarter. RidgeWorth Capital Management LLC increased its stake in Ulta Salon, Cosmetics & Fragrance by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 53,671 shares of the company’s stock valued at $9,929,000 after buying an additional 197 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Ulta Salon, Cosmetics & Fragrance by 7.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 7,627 shares of the company’s stock valued at $1,411,000 after buying an additional 516 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Ulta Salon, Cosmetics & Fragrance by 4.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 17,318 shares of the company’s stock valued at $3,204,000 after buying an additional 770 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Ulta Salon, Cosmetics & Fragrance by 6.2% in the fourth quarter. Principal Financial Group Inc. now owns 33,106 shares of the company’s stock valued at $6,125,000 after buying an additional 1,927 shares during the last quarter.

Ulta Salon, Cosmetics & Fragrance, Inc is a beauty retailer. The Company operates specialty retail stores selling cosmetics, fragrance, haircare and skincare products, and related accessories and services. The Company operates through three segments: retail stores, salon services and e-commerce. The Company also offers a full-service salon in every store featuring hair, skin and brow services.

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